Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. note: answer for "after 5" is not 1072, 1071, 1135

NOTE: Answer for "After 5" is NOT 1072, 1071, 1135, or 1136. Analyzing and...

70.2K

Verified Solution

Question

Accounting

image

NOTE: Answer for "After 5" is NOT 1072, 1071, 1135, or 1136.

Analyzing and Interpreting Lease Footnote Disclosures The GAP Inc. discloses the following schedule to its fiscal 2018 (ended February 2, 2019) 10-K report relating to its leasing to its leasing activities. The aggregate minimum noncancelable annual lease payments under leases in effect on February 2, 2019, are as follows: Fiscal Year ($ millions) 2019 $1,156 2020 1,098 2021 892 2022 730 2023 539 Thereafter 1,520 Total minimum lease commitments $5,935 Compute the present value of GAP's operating leases using a 6% discount rate and round the remaining lease term to the nearest whole year. Round each answer to the nearest whole number. $ million Present Value Year 1 1,091 $ Year 2 977 Year 3 749 Year 4 578 Year 5 403 After 5 1,135 x 4,904 x $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Summarize briefly the current status of nanotechnology and what is known about its risks to human...

Biology
Q

Question 10 Points 2 Why did the Supreme Court originally strike down the death penalty...

Biology
Q

20 Any amount of alcohol in the blood may affect a driver s

Biology
Q

What will be the angle of diffracting for the first minimum due to Fraunhoffer diffraction...

Physics
Q

mine which of the two acute angles ha C 24 B 0 96

Geometry
Q

A small airline has a policy of booking as many as 57 persons on an...

Basic Math
Q

The graph of the rational function f x is shown below Use the graph to...

Calculus
Q

A company determines that its marginal revenue per day is given by R t where...

Calculus
Q

On February 1, Entity J declared a $2 cash dividend payable (on April 1) to...

Accounting
Q

Under-reporting of crime is common, estimates vary for the percentage of hate crimes reported but...

Accounting
Q

Jill owns a computer service and operates it as a sole proprietorship. In 2022, taxable...

Accounting
Q

QUESTION 3 A friend of yours owns a kitchen manufacturing business in Limerick City called...

Accounting